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NBCC, Suraksha get 7-day extension to submit fresh resolution bids for Jaypee Infra

The Insolvency Resolution Professional will also file an application on behalf of the CoC before the Supreme Court to seek additional 30 days until July 7 to complete the corporate insolvency process of the company. ....

Uttar Pradesh , Jaypee Infratech , Suraksha Group , Supreme Court , Jaypee Infratech Committee Of Creditors , Insolvency Resolution Professional , Idbi Bank , உத்தர் பிரதேஷ் , ஜெய்பீ இன்ப்றதேச் , சுரக்ஷா குழு , உச்ச நீதிமன்றம் , ஜெய்பீ இன்ப்றதேச் குழு ஆஃப் கடன் வழங்குநர்கள் , நொடித்துப்போனது தீர்மானம் ப்ரொஃபெஶநல் , இட்பி வங்கி ,

Jaypee Infratech resolution: Key lenders assure homebuyers of best possible outcome

Banks assure homebuyers of support for Jaypee Infra resolution, not keen on liquidation
Synopsis
Around 20,000 home buyers have been waiting to get delivery of their homes following the Allahabad bench of the NCLT classified Jaypee Infratech as insolvent on the petition filed by IDBI Bank under Section 7 of IBC, 2016. Jaypee had defaulted on Rs 526-crore loan by the bank.
Key lenders including public sector banks, the second largest stakeholders in Jaypee Infratech’s insolvency process, have assured homebuyers of the beleaguered realty developer that they are keen on resolution on merit basis and don t prefer the liquidation option.
Jaypee Infratech’s Committee of Creditors has decided to conduct a voting to get homebuyers and lenders’ consent for a 7-day extension to both the bidders NBCC and Suraksha Group to ....

Jaypee Infratech , Suraksha Group , Jaypee Infratech Committee Of Creditors , ஜெய்பீ இன்ப்றதேச் , சுரக்ஷா குழு , ஜெய்பீ இன்ப்றதேச் குழு ஆஃப் கடன் வழங்குநர்கள் ,